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Sunday, September 22, 2002

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Zurich deferral jeopardises Vijaya-PNB insurance foray
THE much-delayed proposed joint venture between Swiss finance group Zurich with state-owned Vijaya Bank, Punjab National Bank (PNB) and another corporate is likely to bite the dust following the loss-making Zurich Financial's plan to defer its ... More

IDBI rejects foreign suitors; to give bank stake to SIDBI
AFTER months of negotiating with foreign equity funds such as Newbridge Capital and Ankar Capital, Industrial Development Bank of India (IDBI) has finally decided to dump all of them and allow its fellow promoter shareholder in IDBI Bank, Small ... More

Monsoon deficient despite late recovery
WITH barely 10 days to go for the season to end, 2002 is all set to register the first-ever `deficient' monsoon in 15 years. According to the India Meteorological Department (IMD), the average area-weighted rainfall received by the country ... More

1-for-4 reverse split in Satyam Infoway ADS
SATYAM Infoway Ltd has announced that its board of directors has approved a 1-for-4 reverse split of the company's American Depositary Shares (ADS), which are listed on the Nasdaq. This is being done to meet the minimum bid price requirements of ... More


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